Overview
What is Denne Land Company Inc?
Denne Land Company Inc is a nonprofit organization, specifically structured to serve as a property title holder. Its primary purpose is to manage real estate assets on behalf of related exempt organizations, as outlined by section 501(c)(2) of the Internal Revenue Code. The company collects income generated from these properties and subsequently distributes it to the designated nonprofit organizations, thereby acting as a financial intermediary. Denne Land Company Inc operates with the intention of supporting the charitable missions of its affiliated nonprofits.
Is Denne Land Company Inc legitimate?
Denne Land Company Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Denne Land Company Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Denne Land Company Inc?
Denne Land Company Inc is established with a specific mission. It is organized primarily to manage real estate properties on behalf of various non-profit organizations. The company collects income generated from these properties and subsequently transfers this income to the eligible exempt organizations, as permitted under section 501(c)(2) of the Internal Revenue Code. Essentially, Denne Land Company Inc serves as a trustee, ensuring that the income from its real estate holdings benefits the designated non-profit organizations.
Who is the CEO of Denne Land Company Inc?
Karl Swieczkowski is the President of Denne Land Company Inc.
What is the revenue of Denne Land Company Inc?
Denne Land Company Inc's revenue in 2021 was $120,660.
Who are the executives of Denne Land Company Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Denne Land Company Inc?
Denne Land Company Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.
Mission Statement of Denne Land Company Inc
Denne Land Company Inc, as a specialized entity, is dedicated to serving a unique purpose. Its mission is to act as a real estate custodian for related non-profit organizations. This company is structured exclusively for the purpose of maintaining property titles, generating income from these properties, and then distributing these earnings to the permitted exempt organizations, as outlined in section 501(c)(2). In essence, Denne Land Company Inc serves as a bridge, facilitating the financial resources needed by these non-profit organizations to fulfill their respective missions and goals.
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Impact
October, 2024
Denne Land Company Inc significantly contributes to community improvement by managing and holding real estate on behalf of related nonprofit organizations. By effectively collecting income from these properties, the company plays a crucial role in supporting the financial sustainability of various exempt organizations. This structured approach to real estate management not only optimizes the use of property resources but also ensures that the generated income is directed back into the community through the affiliated nonprofits. In this way, Denne Land Company Inc enhances the capacity of these organizations to carry out their missions and serve the public, fostering positive impact and development within the Livonia, MI area and beyond.
This information is meant to be a general summary of Denne Land Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $44
- Program Service Revenue: $115,179
- Gross Receipts: $132,457
Assets and Liabilities:
- Total Assets: $177,726
- Total Liabilities: $2,400
- Net Assets: $175,326
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Organization Details
Phone
(734) 425-2246Principal Officer
Karl Swieczkowski
Main Address
31117 PLYMOUTH ROAD, LIVONIA, MI, 481502103
NTEE Category
Code: S47 - Community improvement
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